What is the best automotive rust inhibitor?

I recently purchased my dream car, a 1972 Chevelle SS! Mechanically the car is fantastic; however there is a fair amount of rust on the body! I realize I will need to replace severely rusted sections of body completely; however this will take lost of time and money. With this said, can any one recommend a good rust inhibitor I can apply to keep the rust from progressing while I work on the car one part at a time?

I am new to car restoration so any advice at all is greatly appreciated! Thank you!

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